eBay Insider Sale: CTO Disposes 1,910 Shares Via 10b5-1 Plan

Rhea-AI Filing Summary

Mazen Rawashdeh, SVP and Chief Technology Officer at eBay Inc. reported the sale of 1,910 shares of eBay common stock at $89.31 per share on 09/17/2025 under a Rule 10b5-1 trading plan he adopted on June 13, 2025. After the reported disposition, the filing shows the reporting person beneficially owns 3,824 shares directly. The Form 4 indicates the sale was executed pursuant to an established trading plan, which commonly allows insiders to sell shares on a preset schedule for compliance and liquidity reasons.

Positive

• Sale executed under a Rule 10b5-1 trading plan, which supports compliance and reduces appearance of opportunistic insider trading
• Clear Section 16 disclosure of the transaction and remaining beneficial ownership promotes transparency

Negative

• Insider disposition of shares may be viewed by some investors as a signal of personal liquidity-taking
• Limited remaining ownership reported (3,824 shares), which could be perceived as a relatively small retained stake by the reporting person

Insights

Corporate Governance Expert

TL;DR: Insider sale executed under a 10b5-1 plan signals routine, preplanned liquidity rather than opportunistic trading.

The Form 4 documents a non-derivative sale of 1,910 shares at $89.31 under a Rule 10b5-1 plan adopted earlier in June. Use of a trading plan is a governance best practice that provides an affirmative defense against allegations of trading on material nonpublic information when properly implemented. The filing shows continued direct ownership of 3,824 shares, indicating retention of some equity stake. This disclosure meets Section 16 transparency requirements and reduces ambiguity about insider intent.

Securities Analyst

TL;DR: The reported sale is a modest, preplanned disposition and unlikely to be material to eBay's valuation.

The transaction size—1,910 shares sold at $89.31—represents a single, routine disposition by a senior executive under a documented trading plan. The filing does not report other material transactions or derivative activity. Because the sale was executed under a Rule 10b5-1 plan and the remaining reported holding is 3,824 shares, this Form 4 alone provides limited information about broader insider sentiment or company fundamentals.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Rawashdeh Mazen

(Last) (First) (Middle)

C/O EBAY INC. 2025 HAMILTON AVE.

(Street)

SAN JOSE CA 95125

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EBAY INC [ EBAY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/17/2025		S		1,910(1)	D	$89.31	3,824	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were sold pursuant to a Rule 10b-5 trading plan adopted by the Reporting Person on June 13, 2025.

	By: Greg Kerber For: Mazen Rawashdeh	09/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did EBAY insider Mazen Rawashdeh report?

The filing reports a sale of 1,910 shares of eBay common stock at $89.31 per share on 09/17/2025.

Was the sale by the EBAY insider preplanned or discretionary?

The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2025, indicating it was preplanned.

How many eBay shares does the reporting person own after the transaction?

The Form 4 shows the reporting person beneficially owns 3,824 shares following the reported sale.

Does the Form 4 show any derivative or option transactions for EBAY by this reporting person?

No derivative or option transactions are reported in Table II of this Form 4; only a non-derivative sale is disclosed.

What is the reporting person’s role at EBAY as shown on the Form 4?

The reporting person is listed as SVP, Chief Technology Officer and as an officer of the company.